About the LimeWire Token

LimeWire, the once beloved platform that helped millions of users in the early 2000’s to discover their favorite music, is back, to once again reinvent how fans and artists share content and interact with each other.

The new LimeWire is a platform for content creators, artists and brands to create membership-based communities for their most passionate fans.

We aim to help content creators build a recurring revenue stream by providing a platform and framework for direct fan membership. In turn, fans receive exclusive content, access to a private community, the ability to directly communicate with the artists and brands they love, and become a part of their journey.

Through blockchain technology, we make exclusive content and assets ownable and tradeable, allowing fans to not only consume exclusive content but also to directly participate in the success of the creators they support.

In short, the new LimeWire is the first Web3 subscription platform for artists, brands and creators.

At LimeWire, we believe that existing membership-based creator platforms lack in the areas of brand, technology and ownership.

- Brand

While some of the biggest membership-based platforms on the market today are heavily associated with adult content, others are mainly focused on providing tools for a small niche subset of content creators.

We believe that the market lacks a content-neutral, globally recognized brand that is inclusive of artists and content creators of all types and genres and provides a safe space for them to connect with their fans.

- Technology

Many membership-based creator platforms on the market today lack a good user experience on both the fan’s as well as the artist’s side, have a limited amount of both fiat and crypto payment options available, and often require creators to use external platforms for hosting exclusive (video) content, which is not only time-consuming for the creator but also puts restricted content at risk of being shared outside of the intended community (piracy issue).

We believe that creators and their fans need an easy-to-use, one-stop-shop platform that allows creators to efficiently manage their membership community, hosts their content on-platform without giving up control and/or requiring the use of third parties, and allows users to choose from a multitude of both fiat and crypto payment methods to pay for their subscription.

- Ownership

We firmly believe that fans who financially support a content creator’s work through a membership should not only receive access to exclusive content, but should also have the opportunity to participate in the long-term success of the creators they support.

At the moment, however, membership-based creator platforms are exclusively focused on providing view-only access to content in return for a monthly subscription. We think that it’s time for a change and to start allowing fans to take ownership of the content they support, while at the same time giving artists a fair share of the financial successes - in perpetuity.

The LimeWire Token is an ERC-20 utility token at the heart of the LimeWire ecosystem, designed to enhance the user experience on the LimeWire platform with various perks and benefits in a gamified loyalty-tier system.

In mid-2022, we successfully closed a $10.4M pre-sale of the LimeWire Token with a long list of strong backers including Kraken Ventures, GSR, Arrington Capital and Crypto.com Capital.

Users are classified into 3 loyalty tiers based on how many LimeWire Tokens they hold on the platform. Benefits range from LimeWire token rewards and access to exclusive content, to invite-only LimeWire parties.

The LimeWire Token is deeply integrated in the LimeWire ecosystem, resulting in a gamified, interactive experience that puts LMWR into the center of the platform experience.

Pay with LMWR

Users will be able to use the LimeWire Token across the LimeWire platform to receive discounts on subscriptions, tip creators, access direct messages to creators and paid posts.

Earn with LMWR

Creators can receive earnings in USD or in LimeWire Tokens for a larger revenue share.

Activity Rewards

To give back to the LimeWire community, users and creators will be rewarded for legitimate and regular activity: including top comments, reporting of prohibited content, and more.

The LimeWire token also allows holders to actively participate and have a say in the LimeWire ecosystem, and will eventually become the backbone of LimeWire’s decentralized creator economy - enabling artist royalties and ownership earnings of PPV payments all in LMWR.

Community Voting Rights

Token holders can vote on the product roadmap and participate in decisions of the LimeWire Foundation - such as which upcoming creators to support with the Foundation’s artist fund.

Royalty Distribution (Pay-per-View)

All Pay-per-View revenues will be distributed to creators and holders in LimeWire token (LMWR), thereby creating a steady flow of our ecosystem token.

The LMWR tokenomics have been designed with a focus on the long-term vision of the LimeWire platform. The total supply of the LimeWire Token is fixed at 1,000,000,000 (1 billion) with no inflationary capabilities; the total supply will never increase.

The majority of the LMWR allocation is intended to go back to the community, including a 1 million LMWR allocation to be awarded evenly to all LimeWire Originals holders for each Original held on the LimeWire platform - right after the Public Sale.

The Public Sale of the LimeWire Token will take place in April 2023, with 100 million LMWR in total available for sale and 3 purchasing options:

(i) Community Pre-Sale: $0.16 per token, with no lockup and a 3 month linear release.

(ii) Public Sale Option I: $0.20 per token, with a 6 month lockup and a 6 month linear release.

(iii) Public Sale Option II: $0.30 per token, with no lockup or vesting period.

Lockups and subsequent vesting for all token allocations will begin simultaneously at the time of the Token Distribution Event - i.e. when the initial circulating supply is sent out to the Public Sale Option II participants. This will be in shortly after the Public Sale is concluded.

To stay up-to-date, please follow @limewire on Twitter.